Bragar Eagel & Squire, P.C. Litigation Partner Brandon Walker Encourages Investors Who Suffered Losses In Fermi (FRMI) To Contact Him Directly To Discuss Their Options If you purchased or acquired Fermi IPOs and would like to discuss your legal rights, call Bragar Eagel & Squire partner Brandon Walker or Melissa Fortunato directly at (212) 355-4648. Click here to participate in the action. NEW YORK, Dec. 15, 2025 (GLOBE NEWSWIRE) -- What’s Happening? Bragar Eagel & Squire, P.C., a nationally recognized sto ...

Core Viewpoint - Fermi (FRMI) has experienced a significant collapse in its stock price due to the withdrawal of a major counterparty, which has contributed to a 63% decline since October, highlighting valuation issues and challenges in capital raising [1][2][3]. Company Analysis - Fermi's market capitalization was $18 billion while it had only raised approximately $2 billion in total capital, indicating a severe valuation mismatch [2]. - The company faces the daunting task of generating $9 in value for every dollar raised, which is nearly impossible without flawless execution [3]. - The loss of the primary tenant raises concerns about the viability of Fermi's data center campus, although there may be other potential tenants [1][21]. Capital Raising Challenges - The ease of raising capital in hyped sectors often leads to poor investment outcomes, as seen in various market bubbles [4][5][6]. - Founders often benefit financially from capital raises regardless of long-term performance, creating misaligned incentives [6][7]. - Fermi's capital structure is challenged by significant dilution of equity investors due to management receiving shares at low prices [16][17]. Market Conditions - The current market environment shows that while there is high demand for data centers, Fermi's situation is complicated by the loss of its major tenant and the need for additional capital to build out infrastructure [21][25]. - The upcoming expiration of lock-up periods for shares may lead to increased selling pressure, further impacting the stock price [23]. Future Outlook - The bullish case for Fermi hinges on its ability to secure expedited access to power and attract new tenants, but significant hurdles remain, including the need for billions in additional capital [24][25]. - Despite the recent price drop, Fermi is still considered overvalued, and a bearish outlook persists until the valuation aligns more closely with future revenue potential [26].

Core Viewpoint - Fermi Inc. experienced a significant drop in share price, approximately 33%, following the termination of a $150 million agreement with a prospective anchor tenant for its Project Matador, which is aimed at developing an advanced energy and intelligence campus [1][5]. Company Overview - Fermi Inc. is developing Project Matador, a multi-gigawatt energy and data center campus designed to support AI infrastructure needs, positioning it as a pioneering energy campus for the AI revolution [2]. - The company raised nearly $784 million through the issuance of over 37 million shares at $21 per share on October 2, 2025 [2]. Recent Developments - The termination of the agreement by the First Tenant has led to an investigation by Hagens Berman, a national shareholders rights firm, to determine if Fermi misled investors regarding the strength of the tenant agreement [3][5]. - Prior to the termination, Fermi had assured investors in mid-November about the strength of the agreement, describing the First Tenant as a creditworthy counterparty and emphasizing the framework for cost reimbursement and prepayment [4]. Market Reaction - Following the announcement of the First Tenant's exit, Fermi's share price closed at $10.09 on December 12, 2025, which is nearly 52% lower than its IPO price [5]. - The market's swift reaction indicates investor disappointment and concerns over the company's transparency regarding its agreements [5].

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of Fermi Inc. ("Fermi†or the "Company†) (NASDAQ: FRMI) on behalf of investors concerning the Company's possible violations of federal securities laws. IF YOU ARE AN INVESTOR WHO LOST MONEY ON FERMI (FRMI), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING A CLAIM TO RECOVER YOUR LOSS. What Is The Investigation About? On October 1, 2025, Fermi began trading on the NASDAQ at $21.00 per share following its In. ...

Core Viewpoint - An investigation has been announced regarding Fermi Inc. (NASDAQ: FRMI) for potential violations of federal securities laws, indicating possible legal issues that could affect investors [1]. Company Summary - Fermi Inc. is currently under scrutiny for its compliance with federal securities regulations, which may have implications for its investors [1]. - The Law Offices of Howard G. Smith are reaching out to investors who may have suffered losses related to Fermi Inc. to discuss potential claims for recovery [1].

LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP, a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Fermi Inc. ("Fermi†or the "Company†) (NASDAQ: FRMI) investors concerning the Company's possible violations of the federal securities laws. IF YOU ARE AN INVESTOR WHO LOST MONEY ON FERMI (FRMI), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS. What Happened? On October 1, 2025, Fermi began. ...

Core Insights - Fermi Inc experienced a significant market cap loss of 50% following the termination of a $150 million funding agreement, with the stock dropping 40% pre-market [1][3] - Analysts have maintained their price targets for Fermi, indicating confidence in the company's fundamentals despite the stock's sharp decline [2][5] Funding Agreement and Market Reaction - The termination of the Advance in Aid of Construction agreement was perceived negatively by the market, interpreted as a sign of tenant withdrawal, although the filing suggests ongoing lease negotiations [3][6] - The market reaction may have been overly emotional, as the funding arrangement had not yet provided any actual capital to Fermi [3][6] Project Matador Status - Project Matador, the company's power asset, remains on track with secured land and ongoing construction, which is viewed as a competitive advantage [4][6] - The interconnection path to the grid is highlighted as a significant asset for the company [4] Analyst Sentiment - Major analysts, including Macquarie, UBS, Cantor Fitzgerald, and Stifel, have kept their price targets intact, suggesting that the underlying model of the company remains sound [5] - The current trading price in single digits does not reflect a loss of confidence in the company's long-term prospects [5] Execution and Future Outlook - While Fermi requires funding and successful execution of its Texas power project, the recent selloff is seen as a reaction to timing issues rather than a fundamental business threat [6] - If Project Matador's power generation comes online as scheduled, the recent market panic may be viewed as an overreaction [6]

LOS ANGELES--(BUSINESS WIRE)--Fermi Inc. Investigated for Securities Fraud Violations - Contact the DJS Law Group to Discuss Your Rights – FRMI. ...

Shares of Fermi Inc. (NASDAQ:FRMI) are down 32.8%, last seen trading at $10.25. The tumble follows news that, despite a preliminary late 2025 agreement with a potential Project Matador AI data center tenant -- which included up to $150 million in possible construction support -- no funds were drawn, with the tenant ultimately terminating the deal yesterday. The stock is now trading at its lowest level on record. FRMI has shed 73.1% this year, a stunning reversal from its Oct. 2 record high of $36.99. Shares ...

Core Viewpoint - Fermi (FRMI.US) experienced a pre-market drop of over 40%, trading at $8.84, following the termination of a $150 million construction funding agreement by an investment-grade tenant for its Matador project in Texas [1] Group 1: Financial Impact - The company disclosed that the tenant, which had committed to provide up to $150 million under a construction funding agreement signed in November last year, has not drawn any funds [1] - The termination of this agreement significantly impacts the company's financial outlook and project funding [1] Group 2: Ongoing Negotiations - Fermi stated that negotiations regarding the lease agreement terms are still ongoing, indicating that there may be potential for resolution [1] - The company remains optimistic about meeting expected power delivery timelines due to strong demand for electricity for artificial intelligence applications [1]